BDC

Leader & Deputy Leader of Barnet celebrate major milestone in the delivery of Pocket Living’s 100% affordable housing scheme

Woodside Park_Pocket Living

The Leader & Deputy Leader of Barnet, Cllr Barry Rawlings & Cllr Ross Houston, and Cllr Claire Farrier joined Pocket Living’s Chief Commercial Officer, Nick Cuff, to lay the first ceremonial brick at the innovative housing developer’s first scheme in the borough.

The visit represents a significant milestone in the delivery of this 100% affordable housing scheme, which is expected to complete by summer 2023.

All 86 one-bedroom homes at Woodside Park will be sold to Barnet’s first-time buyers at a 20% discount to the local market, pricing those who either live or work in the area into home ownership. The forward-thinking scheme will be car-free, contributing to the Council’s wider sustainability ambitions to be Carbon Net Zero by 2030, with everyone living at Woodside Park also benefitting from access to two rooftop gardens with lush planting, allotment beds and dedicated wellness space.

Pocket Living’s database already has registered approximately 1,000 local people who live or work in the Borough who are interested in buying a home at Woodside Park, with a third of those registered working in the public sector. This includes roles within the Metropolitan Police, Barnet General Hospital, local primary schools, Middlesex University Business School and Barnet Council.

With building starts in London expected to be at a 10-year low and in light of the growing challenge of rising build costs, with cost inflation, according to the Office for National Statistics, increasing by 22% since 2021, Pocket still remains committed to delivering affordable homes. This year will represent the most productive year in Pocket’s history, with 480 homes starting on site across four London boroughs: Barnet, Waltham Forest, Harrow and Greenwich.

Pocket Living is also expected to go to planning committee in late October for their Dolman Close application in West Finchley, which could deliver a further 60 homes to local people in the Borough.

Nick Cuff, Chief Commercial Officer at Pocket Living, comments:

“As the cost of living continues to rise, the need to deliver affordable homes in the capital has never been greater. It is clear from the significant number of people who have already registered their interest for this scheme that there is significant demand for high-quality but affordable homes in this area of Barnet and we are delighted that Barnet Council is proactively working with us to deliver schemes such as Woodside Park”.

Cllr Barry Rawlings, Leader of Barnet Council, added:

“This is an exciting and innovative new development which will help us deliver on our commitment to build more genuinely affordable homes in Barnet and contribute to our sustainability goals. We’re delighted to welcome Pocket Living to the borough and look forward to working with them on other schemes in the future.”

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BDC 303 Apr 2023